28907 Wight Road, Malibu, California 90265, Malibu, 90265 - 4 bed, 4 bath
28907 Wight Road
Malibu, California 90265
Property Price
SUMMARY
Analysis of 28907 Wight Road, Malibu, California 90265 reveals a Fairly Priced Property with a current list price of $5,200,000 aligned with the estimated $5,200,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Malibu Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28907 Wight Road Subject | $5,200,000* List Price | 4 | 4 | 4,260 | $1,221 | - |
A 6900 Dume Drive Active | $5,325,000 List Price | 4 | 5 | 4,256 | $1,251 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This property, built in 1983, underwent a complete remodel in 2008, making the renovation 16 years old. While this is just outside the 5-15 year range for an 'extensively renovated' property to be considered 'Good' by strict definition, the high quality of the remodel and its current condition, as evidenced by the images and description, warrant a 'Good' rating. The chef's kitchen features high-end Viking appliances, granite countertops, and modern cabinetry that remains stylish and well-maintained. Bathrooms are spa-inspired with contemporary fixtures, glass showers, and updated vanities. Hardwood bamboo floors and recessed lighting throughout contribute to a move-in ready, modern aesthetic. The property shows minimal wear and tear, and while some buyers might seek more recent design trends or smart home technology, it does not appear outdated or in need of immediate repairs, aligning with the 'Good' criteria of being move-in ready with well-maintained systems.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 25453, living area = 4260.
- Panoramic Views
The property boasts breathtaking panoramic ocean, mountain, and city-light views from every level, a highly coveted feature in Malibu.
- Prime Malibu Location
Ideally situated near Point Dume, offering convenient access to Zuma Beach, acclaimed dining, and upscale shopping, enhancing its desirability and lifestyle appeal.
CONSRISKS & DEFICIENCIES
- Premium Price Point
The asking price of $5.2 million positions this property in the ultra-luxury segment, inherently limiting the potential buyer pool to a very specific demographic.
- Age of Major Remodel
While extensively remodeled, the last major renovation was in 2008. Some buyers at this price point may seek more recent updates in design trends or smart home technology.
- Potential for Dated Systems
Built in 1983, and with the last full remodel in 2008, there is no explicit mention of recent upgrades to core systems like HVAC (e.g., air conditioning), plumbing, or electrical, which might be expected in a modern luxury home.
About 28907 Wight Road
Experience elevated Malibu living in this gated contemporary estate, offered fully furnished and available for a quick close. Enjoy panoramic ocean, mountain, and city-light views from every level of this stunning three-story residence, ideally located near Point Dume with convenient access to Zuma Beach, acclaimed dining, and upscale shopping.Set on approximately half an acre, the home spans over 4,200 square feet and showcases an open-concept main level designed for both comfort and entertaining. The chef's kitchen features Viking appliances, a 6-burner stove with griddle, center island, and granite countertops. Hardwood bamboo floors and expansive sliding glass doors create seamless indoor-outdoor living, opening to a spacious balcony ideal for entertaining.The lower level offers three bedrooms, including two en-suite bedrooms, while the entire upper floor is dedicated to a private primary suite complete with a sitting area and fireplace, dual walk-in closets, a spa-inspired bathroom, and a large balcony with an outdoor fireplaceall capturing breathtaking ocean and mountain views.Additional highlights include four fireplaces, a three-car garage, a generous grassy yard, and a personal vineyard. Completely remodeled in 2008, this exceptional estate blends modern luxury, privacy, and natural beauty, presenting a rare opportunity to enjoy the Malibu lifestyle at its finest.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1983
- Lot Size
- 25,453 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 4,260 | 2,981 | 79% |
| Lot Size | 25,453 | 18,369 | 57% |
| Price | $5.20M | $4.00M | 67% |
| Price per sq ft | $1.2K | $1.3K | 42% |
| Built year | 1983 | 1978 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 416 | 221 | 93% |
Pricing History
Listed for Sale
Jan 14, 2025
$5,200,000
Initial Listing
Sold
Dec 30, 2015
$2,625,000
Public Record
Sold
Feb 27, 2008
$2,450,000
Public Record